Zip Stitches Market Scope
ZipStitch is a small adhesive device that is intended to be used over cuts that are less than 4mm wide. Once it is firmly in place, the user simply pulls each of the device's four miniature straps, tightening them and closing the skin break. ZipStitch is small and light, is ideal for everyday first-aid kits and can be useful for someone to have with them during a variety of outdoor activities where minor injuries can occur, such as cycling, hiking, or camping. Unlike traditional sutures, ZipStitch is non-invasive, which reduces the likelihood of bacteria causing infection. Zip stitch sutures are an essential component of any first-aid kit.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | 3M (United States), McKesson Medical-Surgical Inc. (United States), Stryker (United States), Dynarex Corporation (United States), priMED Medical Products, Inc. (Canada) and Curad (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Zip Stitches market throughout the predicted period.
3M (United States), McKesson Medical-Surgical Inc. (United States), Stryker (United States), Dynarex Corporation (United States), priMED Medical Products, Inc. (Canada) and Curad (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Zip Stitches market by Type , by Application (Sports Injury Treatment, Surgical Wound Treatment, Traumatic Wound Treatment and Ulcer Treatment) and Region with country level break-up.
On the basis of geography, the market of Zip Stitches has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On 7 September 2021, Stryker announced that it has completed the acquisition of Gauss Surgical. Gauss Surgical is a medical device company that has developed Triton™, an artificial intelligence-enabled platform for real-time monitoring of blood loss during surgery. Triton has demonstrated improvements in maternal and surgical care through earlier recognition of hemorrhage leading to earlier intervention.
Influencing Trend:
Increased Awareness Among People About Personal Health Care
Market Growth Drivers:
Increase In Road Accidents Cases and Rise In Chronic Diseases Due To Unhealthy Lifestyle
Challenges:
Skin Infections And Skin Damage May Occur and Single Use Purpose
Restraints:
Availability Of Substitute Products and Less Durability Of The Zip Stitches
Opportunities:
Growing Health Care Industry and Increasing Number Of Online Customers
Key Target Audience
Zip Stitches Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others